Sukuks offered to government agencies within 6 months valued ‎at SR20 bln ‎

The value of the sukuks offered to government agencies reached 19.9 billion riyals within 6 months, while their best value reached 10.6 billion riyals during the first quarter of the current year with 4 sukuks, and the second quarter of the current year concluded with Reducing the value of the four sukuks issued to 9.3 billion riyals

“MAL” relied on data issued by the Capital Market Authority, which showed that private government sukuks recorded their highest value since the beginning of last year until now, as the value of 4 sukuks reached 52.62 billion riyals during the first quarter of last year, followed by the value of government sukuks during The second quarter of last year was 31.07 billion riyals for 4 sukuk, and the value of 3 sukuk reached 7.72 billion riyals during the third quarter of last year, and the value of 3 sukuks issued during the fourth quarter reached 12 billion riyals.

The data showed that the highest value of sukuk issuances by banks and private financial institutions amounted to 10.81 billion riyals during the first quarter of last year with 6 sukuks, and 4 sukuks issued during the second quarter recorded 7.78 billion riyals, and during the third quarter two sukuks were issued worth 6.3 billion riyals. riyals, and during the fourth quarter it issued 3 sukuk worth 5.34 billion riyals, indicating that one public sukuk worth 10 billion riyals was issued to banks and financial institutions during the fourth quarter.

The data revealed that the value of sukuk issuances by banks and private financial institutions during the first quarter of this year reached 3.42 billion riyals for 5 sukuk, and the value of 5 sukuk issued in the second quarter rose to 7.31 billion riyals during the year 2023.

The data indicated that companies and non-financial institutions issued 3 sukuk during the first quarter of the year 2022, with a value of 2.7 billion riyals, and the value of 3 sukuk issued in the second quarter amounted to 679 million riyals, and the value of 4 sukuk issued in the third quarter rose to 5.18 billion riyals. ‎

In the same context, no sukuks were issued in the fourth quarter, but in the first quarter of the current year, two sukuks were issued worth 1.85 billion riyals, and public companies and non-financial institutions issued a sukuk worth 100 million riyals, and during the second quarter its value reached 100 million riyals. 1.57 billion riyals with 3 sukuks.